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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Automotive Pump Market Growth
Automotive pumps function by lifting, compressing, or transferring fluids by mechanical action and by facilitating the circulation of fluids around the vehicle's operating system.
The automotive pump market dynamics and trends are being driven by their critical roles in various vehicle systems. Automotive pumps, such as those for fuel, water, oil, power steering, air conditioning, brake vacuum, transmission, windshield washer, turbocharger, and EGR, are essential for functions including fuel delivery, cooling, lubrication, steering support, climate control, braking, transmission performance, visibility, engine efficiency, and emission management.
Automotive Pump Market Report Snapshots
Automotive Pump Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global automotive pump market reached a value of USD 18.77 billion in 2023.
The global automotive pump market is assessed to grow at a CAGR of 6% between 2024 and 2032.
The major drivers of the market include the increasing electrification of vehicles, implementation of environmental policies, increasing vehicle production, and rising demand for passenger cars.
The global demand for automotive pump is driven by the growing technological advancements such as direct injection fuel and rising demand for fuel efficient vehicles.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The major types of automotive pumps in the market are fuel pumps, water pumps, windshield washer pumps, steering pumps, transmission oil pumps, fuel injection pumps, vacuum pumps, and headlight washer pumps.
The significant vehicle types in the market are passenger car (PC), light commercial vehicle (LCV), and heavy commercial vehicle (HCV).
The leading technology segments of the product in the market are electric pump and mechanical pump.
The major displacement segments of automotive pump in the market are fixed displacement and variable displacement.
The significant EV types in the market are battery electric vehicles (BEVs), fuel cell electric vehicles (FCEVs), hybrid electric vehicles (HEVs), and plug-in hybrid vehicles (PHEVs).
The leading off-highway vehicle types of the product in the market are construction equipment and mining equipment.
The competitive landscape consists of Aisin Corporation, BorgWarner Inc., DENSO Corporation, Johnson Electric Holdings Limited, Robert Bosch GmbH, Rheinmetall AG, Continental AG, Delphi Technologies, The Sherwin-Williams Company, and Magna International Inc. among others.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to USD 31.59 billion by 2032.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124